Ermenegildo Zegna NV (ZGN) — Capital Reinvestment Ratio
Ermenegildo Zegna NV (ZGN) has a Capital Reinvestment Ratio of 0.19x as of December 2025, meaning it reinvests 0% of its operating cash flow ($234.81 Million) in capital expenditures ($43.71 Million). Check Ermenegildo Zegna NV (ZGN) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Ermenegildo Zegna NV Capital Reinvestment Ratio (2018–2025)
This chart tracks Ermenegildo Zegna NV's Capital Reinvestment Ratio across 8 annual periods. For the full cash flow conversion analysis, see ZGN cash flow conversion.
Annual Capital Reinvestment Ratio for Ermenegildo Zegna NV (2018–2025)
Year-by-year Capital Reinvestment Ratio for Ermenegildo Zegna NV from 2018 to 2025. See Ermenegildo Zegna NV free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.25x | $322.32 Million | $80.13 Million | ▼ -44.7% |
| 2024 | 0.45x | $279.13 Million | $125.53 Million | ▲ +59.0% |
| 2023 | 0.28x | $275.38 Million | $77.88 Million | ▼ -43.5% |
| 2022 | 0.50x | $146.40 Million | $73.30 Million | ▲ +49.2% |
| 2021 | 0.34x | $281.15 Million | $94.33 Million | ▼ -39.2% |
| 2020 | 0.55x | $70.91 Million | $39.15 Million | ▲ +61.6% |
| 2019 | 0.34x | $174.12 Million | $59.51 Million | ▲ +9.6% |
| 2018 | 0.31x | $192.76 Million | $60.09 Million | — |